Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 112 million loan to <i>Telefonica Brasil SA</i> under the <i>BNDES finem</i> scheme (December 2014)

Announcement

30 Dec 2014

In December 2014, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Telefonica Brasil SA.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

30 Dec 2014

Revocation date:

No revocation date

State loan In force

On 30 December 2014, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 297 million (approx. USD 112 million) loan to Telefonica Brasil SA. The loan was issued ...

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Local content incentive In force

The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 297 million (approx. USD 112 million) loan to Telefonica Brasil SA granted on 30 December 2014 by the Natio...

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